Family Dollar shareholders to vote Dec. 11 on $8.5B merger with Dollar Tree

Family Dollar Stores Inc. shareholders will vote Dec. 11 on the discount retailer's planned $8.5 billion merger with Dollar Tree Inc., according to a Dollar Tree filing with the U.S. Securities and Exchange Commission.

The meeting is scheduled for 10 a.m. at the Harris Conference Center on the Harris Campus of Central Piedmont Community College in Charlotte, according to the filing.

North Carolina-based Family Dollar (NYSE:FDO) announced in late July that it would be acquired by Dollar Tree(NASDAQ:DLTR) in a cash-and-stock transaction valued at $74.50 per share. That breaks down to $59.60 in cash and Dollar Tree stock valued at $14.90 per share.

The majority of Family Dollar stockholders of record as of Oct. 30 must vote in favor of the merger for the deal to move forward. Family Dollar's board of directors unanimously recommends that its shareholders vote to approve the merger agreement.